$BTC As of April 9, 2025, Bitcoin (BTC) is trading at approximately $81,246, reflecting a 5.35% increase from the previous close.
Earlier in the day, BTC experienced significant volatility, with an intraday low of $74,772. This fluctuation is largely attributed to escalating global trade tensions, notably the U.S. imposing a 104% tariff on Chinese imports and China's retaliatory 84% tariff on U.S. goods. These developments have heightened market uncertainty, leading to increased volatility across various asset classes, including cryptocurrencies.
The current market sentiment is characterized by 'extreme fear,' as indicated by a fear and greed index reading of 18. This suggests a cautious or negative outlook among investors.
In summary, Bitcoin has shown resilience with a notable recovery today, despite the prevailing market uncertainties stemming from international trade disputes.